A scenario that's going to become

more common, is chronicled in this article from CNN-Money, today, where the average time from a homeowner missing a payment, until the time they are actually evicted, has gone from 674 days, to over a 1000. That's nearly 3 years.
http://money.cnn.com/2011/12/28/real_estate/foreclosure/index.htm?source=cnn_bin
As more 'underwater' homeowners figure this out, it's only going to get worse, and home values will continue to slide. A snowball that the Bush admin pushed down the hill, with the packaged 'liar loans', sold as AAA investments, is turning into an avalanche that's growing by the month. Just don't see any way to turn it around, but hopefully, someone can figure something out. We'll see...

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